AMX breakout from a Descending Triangle to the upside (bullish despite the intrinsic nature of the pattern).
Straight up through a significant resistance "zone"...
Quite thinly traded (please beware) and I struggled to get an order in without continuously provoking further
upside and am long a part position @1.27
with a stop @1.20
Don't imagine it makes it through the 200 SMA without a fight (also the measured target area of a smaller
Descending Triangle within the larger pattern...)
The measured Target is circa 1.48
My "Buy" sentiment is general and I personally would not enter without a pullback at this level...
GLTA
AMX Chart
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Last
41.0¢ |
Change
0.010(2.50%) |
Mkt cap ! $38.94M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 41.0¢ | 38.5¢ | $20.37K | 50.55K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 62086 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 4266 | 2 |
View Market Depth
| Last trade - 15.57pm 20/06/2024 (20 minute delay) ? |
| AMX (ASX) Chart |